Krugman: Angry Billionaires Learn Money Can't Buy You Love

It's the end of an era, as Paul Krugman walks away from his prestigious gig at the New York Times for the freedom to say exactly what he thinks on a new Substack. He leaves us with his take on the "grim place" America is in. Via Newser:

After nearly a quarter century, Nobel Prize-winning economist Paul Krugman has decided to wrap up his opinion column in the New York Times, with a final one dropping on Tuesday—and he's using it as "a good occasion to reflect on what has changed over these past 25 years." The most drastic change, in Krugman's eyes: a move away from the optimism and high satisfaction Americans enjoyed in the late '90s and early aughts, although even back then, there were ominous signs of the domestic and financial strife to come. Behind that shift, according to Krugman, was "a collapse of trust in elites: The public no longer has faith that the people running things know what they're doing, or that we can assume that they're being honest."

read more